CIBIL Score Analysis
- 647
- 12
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- Last Comment
I was checking my CIBIL report today , one thing I notice is
Utilization : 81%
Why Banks are reporting lower High Credit limit to CIBIL ? is there any reason for that ?
one of my bank has reported 1.5 L Credit limit for their CrediCard where as actual credit limit is 7.5 lac.
Due to this My Utilization is above 81% . Is it good or bad ?
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high credit utilization ratio impacts your credit score negatively.81% is too high. Lower utilization ll mean a higher score. You should definitely talk to your bank.
https://www.cibil.com/consumer-dispute-reso...on
That 1.5L must the maximum usage you might have done on your card
And you should try to reduce your utilization to less than 50% to increase your credit score
yes .
they are showing like this
Credit limit : -
High Credit : 300
Creditbalance : 250
when I am using my crredit card I always keep in mind that not to use more than 30% of available credit . I always do that
see , I have used 1,50,000 on my credit card whose limit is 7.5L which is just 20% utilization . but since bank has reported that High Credit is 1.7 L and balance is 1.5 L this gives a utilization ration around 88%. This is not my fault .
For you at least the have reported some credit limit, for me the haven’t reported any limit it’s nil
CIBIL report is from?
from CIBIL itself . I have subscribed to their annual subscription.
should I ask my bank to report right credit limit and not to hide the credit limit from CIBIL ? I do not understand Bank hiding credit limit is good for customer or not.